The lien can be against you, your spouse, or your company. A lien against your Carol Stream company will seize your accounts receivable. At this point, everything you own is just one short step away from becoming the property of the United States Government.
Carol Stream liens filed against you also show up on your credit report. They often prevent you from opening a checking account or borrowing against any assets, like your home. Banks don’t want the extra work when the IRS comes in to take your money.
With a Federal Tax lien on your record, you can’t get a reasonable loan to purchase a car in Carol Stream. Think about paying 18-22% interest on a vehicle that is already too expensive for your budget. You definitely cannot buy or sell any Real Estate. The list is endless.
Avoiding Carol Stream Liens is crucial when dealing with any IRS issues. JSH tax accountants and tax advisors can guide you through this process with our vast IRS issue resolution experience. Put our tax accounting team to work for you, creating a plan before the IRS steps in.